Kaap Agri invests R150m in plastics subsidiary
CAPE TOWN – Kaap Agri, the listed group trading in agricultural, fuel and related retail markets, has made its first major investment of more than R150million to further bolster its manufacturing capabilities.
The investment entails the establishment of Tego Plastics, a new subsidiary of the Kaap Agri Group, based in Brackenfell, Cape Town, which makes large format, injection-moulded plastic products.
For this purpose, one of the largest injection-moulding machines available in the global market was commissioned. Set to provide 33 new job opportunities at the facility, Tego Plastics will initially produce food grade bulk bins for the agricultural market, with the opportunity to manufacture additional solid form products at a later stage.
Source: iol.co.za